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Mr. Odde Ball enjoys commodities X and Y according to the utility function U(X,Y) =√(X^2+Y^2 ).
Maximize Mr. Ball's utility if Px = $3, Py = $4, and he has $50 to spend.
Graph Mr. Ball's indifference curve and its point of tangency with his budget constraint. What does the graph say about Mr. Ball's behavior? Have you found a true maximum?
Clearly evalute at least three such factors that in your view should be included in the GDP calculations. Explain and illustrate how they will help to improve the GDP as a tool for measuring the well-being of a nation.
A bank offers to pay $16,020 at the end of a CD's 6-month term if purchased for $15,000. What nominal annual interest rate is the bank offering?
Describe the process of quantitative analysis. Categorize business problems that can be solved through quantitative analysis.
Under what conditions would WTO allow countries to impose (practice) the following (be specific)?
In your regressions, you usually look for a 10%-or-better level of confidence. What are the expected signs for a, b, and c?
Why the short-run demand for gasoline is less elastic than the long-run demand, when the price of gasoline rises, people immediately cut back on unnecessary trips.
How large much each annual payment be if the loan is for $50,000? Assume that the interest rate remains at 10 percent, compounded annually.
How to find the price and quantity that maximizes profits for the monopolistically competitive firm to find how much profits does the monopolistically
If the average rate of inflation over that 70-year period was 3%, what was the average yearly rate of appreciation, adjusted for inflation?
Money demand shocks will not affect the output level so long as the Fed pegs interest rates. True or false? Use an IS-LM diagram to explain your answer.
These repairs will keep the plant functioning for 7 years with current operating costs.
Suppose the monopolist can charge different prices across customers. Calculate the profitmaximising price-quantity pair for each customer.
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